Avenged Sevenfold frontman M. Shadows posted a series of tweets directed at his followers, who are also Pantera fans, to reveal his plan on how to purchase Vinnie Paul’s Texas residency.
On June 22, 2018, Pantera drummer Vinnie Paul died at his Las Vegas home at the age of 54 due to dilated cardiomyopathy and coronary artery disease. Following this sad incident, numerous influential musicians from the heavy metal community paid tribute to the musician.
Recently, it was reported that Vinnie Paul’s Texas home had been listed for sale. Following Paul’s death, the estate had become the property of Metrotex Acquisitions LLC. Currently, it’s listed at Zillow for the asking price of $750,000, and M. Shadows has an idea about how to buy the residence to preserve Paul and Pantera’s legacy.
In a recent tweet series, M. Shadows revealed a detailed plan explaining how Pantera fans can purchase Paul’s Texas home. He stated that the estate, which he calls the ‘Graceland Of Heavy Metal,’ can be crowd-purchased by the fans as an NFT, representing a portion of the home.
M. Shadows stated that this sale would be enough to raise enough money to purchase the house. He then said the fans would decide what to do with the the house by voting. He stressed the residence’s sentimental value by saying that it was the ‘Graceland of Heavy Metal‘ as almost all metal musicians going through Dallas would stop by after a long night of shows or a stroll at Paul’s strip clubs.
He stressed that it would be a shame if such an iconic residence was sold to someone who disregards Vinnie Paul’s legacy and its importance within the metal community. According to Shadows, there are three possibilities: a person who has nothing to do with Pantera could buy it and destroy the legacy, a Pantera fan could enjoy it as a ‘trophy,’ or the Pantera community can buy it and restore it.
M. Shadows’ tweets read:
“Vinnie Paul’s house is for sale. The place was legendary by all standards, and it will be a shame to see it bought by a developer or a non-fan. So, what does that mean? What happens now? What if we started a DAO?
So, Zacky V called me today and showed me the news of this legendary property being put on the market. This is the place where any musician that came through Dallas would come after a long night at Vinnie’s famous strip club or after the shows.
Musicians, actors, you name it… It was like the ‘Graceland of Heavy Metal.’ We have been many times. So Zacky suggested a DAO purchase it… DAO stands for ‘decentralize autonomous organization.’
What that means is that fans of Vinnie Paul’s legacy would be able to purchase a token that represents a portion of this home. The Token (NFT, it’s that word) sale would raise the money to purchase the house.”
He then continued:
“After that, Token holders would have governance and a vote over how and what actions will be taken by the committee. Do you fix up the roof? Do you use it as a rental to other fans like an Air BnB?
Do you turn it into more of a museum of Pantera artifacts that token holders and fans get to enjoy? That’s not up to me or any individual… it’s up to the DAO. Own a token and get a vote. Here is how I see it…
Option 1: Someone that doesn’t give a f*ck about Pantera buys it and lives in it, remodels, or tears it down.
Option 2: A Pantera fan buys it, lives in it, and treats it as their own personal trophy.
Option 3: The Pantera community buys it, governs it, and decides what’s best for the legacy of this important piece of Heavy Metal History. Anyway, this may sound crazy to some, and if I’m way off I’d love to get opinions. I’d love to discuss it and hear another side.”
You can check out the first tweet of the thread below.
Vinnie Paul’s house is for sale. The place was legendary by all standards and it will be a shame to see it bought by a developer or a non fan. So, what does that mean? What happens now? What if we started a DAO? A thread…🧵👇
— M. Shadows (@shadows_eth) February 4, 2022